The S&P hit a new high, but the BDC sector dropped. Leading the news – despite multiple earnings releases – was the decision by one BDC to quit and become a national bank.
BDC sector prices continue to slip…A medium sized BDC taps the unsecured debt market for a surprisingly large amount and another BDC offers a preview of investment activity.
Main Street Capital provides some basic information about a new transaction with a portfolio company. The BDC Reporter fills in many of the blanks of what seems like a very successful and long standing investment.
BDC stock prices failed to reach a new high but there were multiple other developments, including a major debt financing and a successful portfolio exit, to discuss.
Just as BDC earnings season heats up, several other developments occur just as sector prices slump…
BDC earnings season begins with strong results from three very different BDCs as the sector remains at new price highs. We also share two important credit developments that affect multiple BDCs, drawn from the BDC Credit Reporter.
Plenty of BDC news items large and small to review and a new price record to note, as BDC earnings season gets going.
After a day away, we publish two days worth of annotated BDC news coming from some of the sector’s most recognizable names.
There are several new BDC developments to report on and new highs were prices are concerned.
The BDC Reporter offers up a long list of BDC developments in the past 24 hours, all annotated. We also discuss the new BDC sector price record.
Main Street Capital was much improved in the IVQ 2020 as discussed on its latest conference call.
Main Street Capital offers up some preliminary metrics about one of its 3 investing segments. Unfortunately, the data leaves the BDC Reporter with more questions than answers.
Main Street Capital issues new unsecured debt on very favorable terms. The BDC Reporter looks at the impact on leverage, earnings and the outlook for the BDC both in the short and longer term.
BDC favorite Main Street Capital announces an unchanged distribution level for the first quarter of 2021 but something is different…
Main Street is not deterred by the bankruptcy filing of one of its restaurant companies. Indeed, the BDC – and sister fund HMS Income – are doubling down and – with an equity partner – acquiring the assets of the bankrupt business.
